Global Partners LP (NYSE:GLP) Reports Q2 2025 Earnings Miss, Shares Dip in Pre-Market Trading

Global Partners LP (NYSE:GLP) reported second-quarter 2025 financial results that fell short of analyst expectations, triggering a negative market reaction in pre-market trading. The master limited partnership posted revenue of $4.63 billion and diluted earnings per share (EPS) of $0.55 for the quarter ended June 30, 2025, missing consensus estimates of $6.04 billion in revenue and $0.606 EPS.

Key Financial Results vs. Estimates

• Revenue Miss: Reported $4.63B vs. estimated $6.04B (-23.4%)
• EPS Miss: $0.55 vs. estimated $0.606 (-9.2%)
• Pre-Market Reaction: Shares declined ~0.32% following the earnings release

The weaker-than-expected performance was driven by declines across the company’s segments. The Gasoline Distribution and Station Operations (GDSO) segment saw product margin decrease to $207.9 million from $221.5 million in the prior-year period, while the Wholesale segment remained flat at $91.7 million.

Operational Highlights

• Total Sales: Increased to $4.6B from $4.4B YoY, though volumes rose to 2.0B gallons from 1.6B gallons.
• Net Income: Declined to $25.2M ($0.55 per unit) from $46.1M ($1.10 per unit) in Q2 2024.
• Adjusted EBITDA: Dropped to $98.2M from $121.1M YoY.
• Distributable Cash Flow (DCF): Fell to $52.0M from $73.1M in the prior-year quarter.

CEO Eric Slifka highlighted the company’s diversified asset base and recent terminal acquisitions as long-term value drivers, but the near-term results reflect margin pressures and higher interest expenses.

Market Reaction & Outlook

The stock’s pre-market dip aligns with the earnings miss, though the full trading session will provide a clearer picture of investor sentiment. Analysts currently project:

• Q3 2025 Estimates: Revenue of $6.52B, EPS of $0.858
• Full-Year 2025 Estimates: Revenue of $23.79B, EPS of $2.868

Global Partners did not provide explicit forward guidance in its release, leaving investors to weigh the current results against broader sector trends.

Recent Developments

• Completed a $450M senior notes offering to refinance debt.
• Announced a quarterly distribution of $0.75 per unit, payable August 14.

For detailed earnings estimates and historical performance, view the full earnings data for GLP.

Disclaimer: This article is not investment advice. Investors should conduct their own research before making decisions.